{"title":"Sustainability and Implicit Contracts","authors":"Nicola Misani","doi":"10.1108/s2514-175920200000004005","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004005","url":null,"abstract":"Implicit contracts are “invisible handshakes” that are not legally binding but are grounded in mutual understanding between the parties of what they expect from each other. These contracts are very common both within the firm (e.g. between managers and employees) and in business relationships (e.g. between a firm and its suppliers). Typically, implicit contracts arise in relationships that are in some way open-ended. An extensive literature has showed that implicit contracts allow firms to create value by encouraging relationship-specific investment and motivating effort by stakeholders. This chapter focuses on how sustainability satis-fies existing implicit contracts (including a broad social contract with society at large) and facilitates a firm in entering new implicit contracts by improving its trustworthiness. I argue that the adoption of sustainability is directly related to industry- and firm-level variables that make implicit contracts important to a firm’s strategies, and inversely related to the strength of overriding factors that make a firm trustworthy. Based on this reasoning, I analyse four areas in which rates of sustainability adoption can vary according to the importance of implicit contracts.","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128413153","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Making the Intangible Tangible: Integrated Management and the Social Cost of Carbon","authors":"Robert Sroufe, Laura H. Jernegan","doi":"10.1108/s2514-175920200000004009","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004009","url":null,"abstract":"Integrated management is the process of including environmental, social, and governance (ESG) performance in close coordination between business processes, functions, groups, organizations, and systems. In this context, decision-makers can better understand the dynamic systems in which they operate; define success based on sustainability-based performance frontier; guide decision making with strategic valuation of environmental and social guidelines; adhere to a timeline of actions that moves the enterprise toward a sustainable society; operationalize dynamic goals, for example, the UN Sustainable Development Goals (SDGs); and support processes for planning with decision analysis tools to monitor and guide change management. Information within this chapter will explore how sustainability in businesses, that is, integrated management, is already underway in leading multinational companies, and can be found within any business function, and in supply chains. The value that sustainability brings to an organization is important to understand as each day there is a growing amount of data to draw from. While 80% of the value of an enterprise is within intangibles, hundreds of ESG performance metrics are now available to researchers and practitioners to make the intangible tangible. With a look on how these ESG performance metrics and the social cost of carbon are used by practitioners and researchers, a number of research propositions call for improved financial decision analysis and a new performance frontier.","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"225 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121156992","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Global Wisdom and the Audacity of Hope: A Sustainable Approach to Leadership*","authors":"N. Adler","doi":"10.1108/s2514-175920200000004001","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004001","url":null,"abstract":"Our children may learn about the heroes of the past.\u0000Our task is to make ourselves architects of the future.\u0000–Jomo Kenyatta, First President of Kenya1\u0000The twenty-first century confronts society with challenges that will determine the future of humanity and the planet. Such challenges defy traditional analysis. Paralyzed by the inadequacy of our standard logic, on which much of traditional scholarship relies, we search for meaningful and effective understandings that can guide us – understandings that seem inherently wise and just, and not simply empirically confirmable. Few of us question the need for wisdom, yet to date, academic scholarship has failed to address the role that it plays, and could play, in supporting international organizational processes capable of addressing the world’s most demanding societal challenges.2 This chapter explores the nature of pragmatic wisdom – wisdom that incorporates both profound understanding and action. It uses the founding of an international development initiative, Uniterra, to highlight the need for and influence of wisdom in international organizational processes and outcomes. Uniterra’s core structure and central process involve partnering – forming networks of non-hierarchical relationships. The chapter therefore investigates the wisdom needed to create and maintain global partnerships. Given the chapter’s focus on pragmatic wisdom, it also explores the concepts of hope and courage, for without hope and courage, wisdom could never move beyond conceptualization to action. The writing style purposely differs from that of most scholarly articles. Beyond presenting a specific case, the writing offers readers the opportunity to experience wisdom via indigenous proverbs from a wide range of the world’s more pragmatic wisdom traditions. So as not to interrupt readers’ appreciation of the proverbs or reduce their impact or meaning merely to the underlying logical constructs, the chapter uses endnotes rather than more traditional text references.","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132884822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Prelims","authors":"","doi":"10.1108/s2514-175920200000004013","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004013","url":null,"abstract":"","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115341169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
S. Ramya, Fong T. Keng‐Highberger, Rupashree Baral
{"title":"Enabling an Intrinsic Perspective Towards Approaching Tensions in CS Decisions Through Moral Imagination: A Conceptual Framework","authors":"S. Ramya, Fong T. Keng‐Highberger, Rupashree Baral","doi":"10.1108/s2514-175920200000004006","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004006","url":null,"abstract":"","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123363325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Index","authors":"","doi":"10.1108/s2514-175920200000004012","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004012","url":null,"abstract":"","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122448862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Sustainability and Popularity Paradoxes of SIM Scholarship","authors":"S. Waddock, Jegoo Lee","doi":"10.1108/s2514-175920200000004011","DOIUrl":"https://doi.org/10.1108/s2514-175920200000004011","url":null,"abstract":"This chapter opens up a question central to the mission of the business in society field as it has evolved since the formation of division in the Academy of Management (AOM): What are the (future) distinctive competencies of business in society scholarship? We first empirically demonstrate that core topics to the business in society field, as represented by the Social Issues in Management (SIM) Division of the AOM, are now disseminated broadly throughout the management academy, represented by AOM. We call this dissemination the popularity paradox, because it demonstrates that SIM is not well connected with other divisions, that is, sub-disciplines of management despite that they are now regularly dealing with its core questions. Given that SIM’s (and business in society’s) traditional foci are now widely dispersed, the authors argue that it is time for business in society scholars, with SIM as proxy, to begin tackling new core issues that put growing civilizational threats around sustainability and the consequent need for system change and transformation front and center. In a sense, the authors argue that business in society scholars need to return to their roots of seriously questioning the roles and functions of businesses in society through a critical lens that asks and seeks to answer – today’s emerging new and tough questions, though the questions now emphasize the sustainability of human civilization as we know it.","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130857383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Morality in Groups","authors":"Lily Morse, J. E. Keeney, Christopher P. Adkins","doi":"10.1108/S2514-175920190000003007","DOIUrl":"https://doi.org/10.1108/S2514-175920190000003007","url":null,"abstract":"In this chapter, we explore the importance of morality in groups. We draw from decades of research from multiple perspectives, including psychology, neuroscience, philosophy, and organizational science, to illustrate the range of ways that morality influences social attitudes and group behavior. After synthesizing the literature, we identify promising directions for business ethics scholars to pursue. We specifically call for greater research on morality at the meso, or group, level of analysis and encourage studies examining the complex relationship between moral emotions and the social environment. We ultimately hope that this work will provide new insights for managing moral behavior in groups and society.","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127259821","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Ethical Implications of the Fourth Industrial Revolution for Business and Society","authors":"J. Hooker, Tae Wan Kim","doi":"10.1108/S2514-175920190000003002","DOIUrl":"https://doi.org/10.1108/S2514-175920190000003002","url":null,"abstract":"Businesses are rapidly automating workplaces with new technologies (e.g., driverless cargo trucks, artificially intelligent mortgage approvals, machine-learning-based paralegals, algorithmic managers). Such technological advancement raises a host of questions for business and society. As Thomas Donaldson recently remarked, “It’s instance of a problem that more sophisticated engineering cannot solve, and that requires a more sophisticated approach to values” (Ufberg, 2017). In this chapter, we explore the value questions as follows: What is the purpose of business in the machine age? What model for business will best serve society in coming decades: profit maximization, stakeholder theory, or another conception entirely? Is it time for a new social contract between business and society? Do firms have a natural duty to offer employment? Are existing concepts of responsibility/liability adequate for an age in which companies use autonomous robots as scapegoats? How can we protect our humanity and dignity in an algorithm-based society? Do we need to teach ethics to robots?","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"11 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133293445","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"How Can Observers Effectively and Safely Engage with Unethical Organizational Behaviors?","authors":"R. Nielsen","doi":"10.1108/S2514-175920190000003008","DOIUrl":"https://doi.org/10.1108/S2514-175920190000003008","url":null,"abstract":"This chapter considers how observers can effectively and safely engage with unethical organizational behaviors. Engagement methods need to be aligned with the situational contexts of specific cases. Micro-level individual, meso-level organizational, and macro-level environmental contextual obstacles to effective and safe engagement are considered. Five types of observer ethics engagement methods are considered in the context of specific cases and contextual obstacles. Engagement methods considered are as follows: (1) evocation and framing of dialogic engagement as consistent with the identity, vision, and values of the organization; (2) win–win incentive and ethics networking methods; (3) internal and external whistle-blowing methods; (4) if the observer is in a position of organizational power, top-down forcing methods; and (5) linking of observed unethical behaviors with strong external social movements.","PeriodicalId":273217,"journal":{"name":"Business and Society 360","volume":"2 3","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114009965","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}